In a speech, Dr Hoang Minh Hang from the VASS’ Research Institute for Northeast Asia Institute said in recent years, increased military strengths have been seen in many countries and territories amid powerfully flared maritime territorial disputes.

“Major powers with superior power are actively competing for their influence , which has created a clear domination in the region.

“Due to differences in political, economic, cultural differences and historical issues that exist between the countries, we still lack a mechanism for multilateral security cooperation for the region as a whole,” he said.

In this context, Dr Hoang Minh Hang said Vietnam and the RoK have enough conditions to further develop bilateral relations. Both countries need mutual support and closer cooperation to safeguard its territorial sovereignty.

Despite having no a shared security cooperation mechanism, the development of minor mechanisms in the region the two nations are participating such as the ASEAN Regional Forum (ARF), will help them strengthen understanding and build mutual trust thus providing an important foundation for moving towards a close-knit Vietnam-Korea relationship, Minh Hang noted.

Director of the RoK academy Wooseon Choi emphasized the similarities in history, culture and experience between his country and Vietnam.

To elevate the Vietnam-RoK ties to a new height, the two nations should intensify strategic dialogues on and mutual understanding of their shared changing benefits in the region, he underscored.

Maritime security cooperation should be enhanced to protect their marine transport systems, while joint efforts are needed to develop mutual trust to peacefully resolve territorial disputes and regional stability.

The two sides can also collaborate in other fields such as technology, socio-economic development, cultural exchanges and national defence, he added.

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